AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 18,574 shares, a decrease of 51.8% from the June 15th total of 38,535 shares. Based on an average daily trading volume, of 34,270 shares, the days-to-cover ratio is presently 0.5 days.
AKITA Drilling Stock Up 4.5%
AKTAF opened at $2.56 on Wednesday. The firm’s fifty day moving average price is $2.88 and its two-hundred day moving average price is $2.35. AKITA Drilling has a 1 year low of $1.21 and a 1 year high of $5.85.
AKITA Drilling Company Profile
Akita Drilling Ltd. (OTCMKTS: AKTAF) is a Calgary-based provider of contract drilling services to the oil and gas industry, specializing in land-based operations. The company maintains a fleet of modular, high-specification rigs designed to meet a range of well depths and geological conditions, including conventional, horizontal and directional drilling programs.
Akita’s comprehensive service offering encompasses well planning support, rig mobilization, site preparation and on-site crew management.
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